Industry Insight

Industry Insight

Guyana Is!

Keystone Consulting -
Recognised - A global hotspot Small in population but huge in headlines, Guyana has, over the past decade, gone from a quiet South American nation to a magnet for investors, energy companies, environmental funders and travelers.  Fast Growing - The...
Industry Insight

A Keystone Review: Beyond the Ballot Box, Guyana’s next era

OilNOW -
By Keystone Consulting Group As Guyana approaches its crucial 2025 General and Regional Elections, the natural and critical question of ‘who will govern next’ rises to the forefront of our thoughts. It is the subject of much analysis and debate,...
Industry Insight

Oil sector to require $17.4 trillion investment by 2050 to meet rising demand – OPEC 

OilNOW -
The oil industry will need cumulative investments of $17.4 trillion by 2050 to meet growing global demand, the Organization of Petroleum Exporting Countries (OPEC) said in its annual long-term outlook. This translates to an average annual investment of around...
Energy Insights

Distilling Guyana’s Oil and Gas Regulatory Framework: The Introduction

OilNOW -
By Chevy Devonish ExxonMobil Guyana Limited (ExxonMobil), and its partners Hess and CNOOC started oil and gas exploration in Guyana in 2008, and the first significant discovery, Liza-1, was made in 2015. In his 2024 budget speech, Dr. Ashni Singh, Senior...
Industry Insight

Five major implications of the Chevron-Hess US$53 billion acquisition

OilNOW -
By Arthur Deakin - OilNOW The recent merging of oil and gas companies in the U.S. indicates that energy majors see a long-term future for specific hydrocarbons in the energy transition. Chevron’s announcement of their US$53 billion all-stock acquisition...
Industry Insight

Increased activity on Guyana FPSOs, rising variation orders counterbalance H1 revenue dip – SBM Offshore 

OilNOW -
SBM Offshore reported a 15% drop in directional revenue for the first half of 2023 amounting to US$1.4 billion.  The company said the decline in revenue was largely driven by a decrease in directional turnkey revenue, which dropped to US$558...
Industry Insight

2023 to be a boon year for project approvals with 30 expected to reach FID – WoodMac

OilNOW -
Wood Mackenzie predicts a positive outlook for project development with 30 out of the viable 40+ expected to reach final investment decisions (FIDs) in 2023.  But it does not come easy.  WoodMac’s Vice President, Head of Upstream Analysis Frank McKay and...
Industry Insight

Guyana oil revenues to break US$1 billion mark this year; exceed US$7.5 billion by 2030 – Rystad Energy

OilNOW -
Bolstered by ExxonMobil’s industry leading production and development pace in the Stabroek Block, Guyana’s oil and gas revenues are on track to break the US$1 billion mark this year and accelerate to US$7.5 billion annually in 2030, research by Rystad Energy shows. The independent...
Industry Insight

What comes after high oil prices for Guyana?

OilNOW -
By Scott B. MacDonald - OilNOW The Russo-Ukrainian War came as a surprise blow to the global economy, with the shock waves rippling outwards from Eastern Europe and the Black Sea and reaching as far as the Caribbean. It has...
Industry Insight

Policy issues to consider for a Guyanese oil fund

OilNOW -
Economic theory suggests that there are a number of advantages arising from the establishment of an oil fund. These include the opportunity to create sustainable wealth, facilitate economic development over the long-term, enhance economic stability and ensure that the...
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Latest News

NewsOilNOW -

Cutting-edge technologies giving exploration a sustainable future – Insights from SLB 

Andrea Lovatini, Director of Exploration Data and Geosolutions at SLB and Chairman of the EnerGeo Alliance Board, argues that...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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